Category Archives: Economy

JAMES GRUBER. Australia May Get Lucky Again.

“Australia is a lucky country run mainly by second rate people who share its luck”, author Donald Horne proclaimed in 1964. Horne was being ironic and hated that people took it to mean that our country is somehow special or … Continue reading

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ABUL RIZVI. We need to keep migrants in Australia during coronavirus recession

If the government does not act to stop the coronavirus recession from forcing migrants out, then Australia will be far more economically vulnerable. Because Australia is a migrant settler nation, recessions here have special characteristics.

Posted in Economy | 9 Comments

EVAN JONES. The state and the economy

Right-wing governments are splashing the cash  – what gives? Neoliberalism is temporarily being abandoned, but will it continue after this crisis is over?

Posted in Economy, Politics | 3 Comments

RICHARD WHITINGTON. Rudd’s GFC response versus Morrison’s to Covid-19

Inevitably, comparisons are already being invited: between Kevin Rudd’s 2008-09 response to the Global Financial Crisis and Scott Morrison’s to the 2020 Covid-19 pandemic.

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SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

What people in other forums are saying about public policy

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JULIET BENNETT. The Covid-19 catalyst? From industrial to ecological civilization

While the Covid-19 crisis threatens our lives today, the climate crisis threatens our lives today and for hundreds of years to come. As we mitigate the Covid-19 crisis, can we mitigate the climate crisis as well?

Posted in Economy, Environment and climate | 3 Comments

MICHAEL KEATING.- The Third Economic Response to the Coronavirus

The latest economic response to the coronavirus is the third economic package announced in less than three weeks. Clearly more should have been done earlier, but the structure and scale of the Government’s overall economic response now seems more commensurate … Continue reading

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CAMERON LECKIE. Catabolic Collapse: Round 2

COVID-19 is far from being the end of the world, but it does signify the start of the second cycle of a process known as catabolic collapse.

Posted in Economy | 5 Comments

STUART REES An End To Global Capitalism

The raiding of supermarket shelves shows the influence of capitalism at its worst: competition, selfishness, exploitation by the successful raiders at the expense of those who could not compete or decided not to.

Posted in Economy, Politics | 10 Comments

MICHAEL KEATING.- Good health policy is good for the economy

The Government seems to think that it must balance the needs of the economy against the actions needed to stop the spread of the coronavirus. In fact this is not true, and Australia’s future economic capacity will fall if the … Continue reading

Posted in Economy, Health | 6 Comments

JOCELYN PIXLEY. Short selling society

As countries world-wide shut down, short-sellers scurry around like thieves in the night. Why are they dangerous and what could be done?

Posted in Economy, Politics | 2 Comments

JOHN TONS. Nature Bats Last

Australia’s summer of discontent has morphed into an autumn of fear as we bunker down to protect ourselves from coronavirus. Nature is reminding us that she is not to be trifled with, that she cannot be ignored.

Posted in Economy, Health, Politics | 1 Comment

MICHAEL KEATING.- The latest economic response to the coronavirus

These are very uncertain times, but the Government seems to be playing catch-up, both with our health and the economy. In addition, there are continuing questions about the structure of the Government’s economic response and the effectiveness of some of … Continue reading

Posted in Economy, Health, Politics | 2 Comments

SEAN INNIS. Economic thinking has driven policy making in the past, but will it in the future? Part 1

This article – the first in a two-part series – discusses the changing dynamics of the Australian policy environment, and how that affects the role of economics in the determination of policies. The second part tomorrow, will discuss the nature … Continue reading

Posted in Economy, Politics | 4 Comments

MICHAEL WEST. Too Big To Fail: Qantas, the corporate elite and the coronavirus (michaelwest.com.au 17.03.2020)

Alan Joyce is a canny operator. As the ravages of the coronavirus began to hit the airline hard, the Qantas boss announced he would take no salary for the rest of the year; no salary for the rest of the … Continue reading

Posted in Economy | 6 Comments

JERRY ROBERTS. Alan Jones charges into the cash fight

The Senate Economics Legislation Committee Report on the Government’s cash-ban bill is a dismal whitewash of our banking cartel that betrays the fine work performed during the inquiry by Senators Alex Gallacher and Rex Patrick.

Posted in Economy, Politics | 4 Comments

MICHAEL KEATING. The Government’s Economic Response to the Coronavirus.

The Government’s economic stimulus package has generally been welcomed. But how good is it, and what are the implications for the longer-term economic outlook?

Posted in Economy, Politics | 4 Comments

JOHN FEFFER.- Will COVID-19 Kill Globalisation(Counterpunch 10.3.2020)

At a dinner party in mid-February, an architect told me that he was having a problem finishing his building projects. It was the carpets.

Posted in Economy, International Affairs, Politics | 1 Comment

JOHN MENADUE.- Economic and money mismanagement

The Liberals claim that they are better  economic and money managers. But there is scanty evidence to support that claim.

Posted in Economy, Politics | 15 Comments

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

What people in other forums are saying about public policy

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MICHAEL KEATING. Continuing economic stagnation

Wednesday’s release of the national accounts for the December quarter reported better economic growth than many of the pundits feared. But there is no cause for celebration.

Posted in Economy | 4 Comments

JAMES GRUBER. China has effectively contained corona virus.

 It’s now clear that draconian measures imposed in response to the crisis have worked. 

Posted in Economy, Health, Politics | 6 Comments

MICHAEL WEST.-Ranking Australia’s billionaires as taxpayers (Michael West Media 28.2.2020)

Community attitudes have changed. But what has not changed, and what must change, is the secrecy around the corporate affairs of Australia’s wealthiest old family business empires.

Posted in Economy | 1 Comment

IAN MCAULEY. The Reserve Bank’s interest rate cut – a futile gesture?

Interest rate cuts in May, July and October last year have done little to stimulate our sick economy. Why should Tuesday’s cut be any different?

Posted in Economy | 3 Comments

ANDREW FARRAN/GARY SAMPSON. Brexiting in Brussels – High Noon awaits?

As the UK/EU negotiators face up to the definitive stages of shaping their post-Brexit world, questions are being asked in London and elsewhere whether the Johnson Government is approaching these negotiations with serious intent having gone from “let’s get Brexit … Continue reading

Posted in Economy, Politics | 4 Comments

JONATHAN PAUL MARSHALL. Carbon Capture and Storage yet Again.

Despite the jaded history of Carbon Capture and Storage (CCS) in Australia, the Government has announced it will fund it rather than Renewables.

Posted in Economy, Environment and climate | 7 Comments

JAMES GRUBER. Philip Lowe Has A Target On His Back.

It seems older Australians are beginning to link the RBA to low deposit rates and that may not bode well for Mr Lowe.

Posted in Economy | 2 Comments

JAMES GRUBER. More Rate Cuts Coming

Get set for further interest rate cuts.

Posted in Economy | 1 Comment

SATURDAY’s GOOD READING AND LISTENING FOR THE WEEKEND

What people in other forums are saying about public policy

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MICHAEL KEATING. How good is the labour market?

The Australian economy has been stagnating for the last five years, with annual GDP growth averaging only 2½ per cent, and only 1¾ per cent for the last four quarters ending last September.

Posted in Economy, Politics | 1 Comment